26.03.2009 - Sharia stock screening gains ground
From Business24-7.ae: The definition of a Sharia-compliant stock is ambiguous. At best, it suggests that a stock is Sharia-compliant if it fulfils both sectoral and financial screening filters. Sharia-compliant investment management is concerned with investments in assets that are in compliance with Islamic law. An Islamic investor is not allowed to invest in companies that derive most of their revenue from non Sharia-compliant business activities, or that use interest in operating or financing their business.....Full Article: Source
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